CNL Hotels & Resorts agreed to sell 30 hotels with 4,328 guestrooms to an affiliate of Ashford Hospitality Trust for $465 million. The portfolio comprises Marriott branded and managed hotels in 16 states. With the deal, AHT will own 82 hotels with 13,244 guestrooms.
Advertisement
COPYRIGHT 2005 Questex Media Group, Inc.
COPYRIGHT 2005 Gale Group
